https://newsletter.en.creamermedia.com

Glencore weighs Australia listing after Rio Tinto talks collapse – media report

Glencore CEO Gary Nagle

Glencore CEO Gary Nagle

9th March 2026

By: Reuters

  

Font size: - +

Glencore is open to considering listing in Australia, if it proves beneficial to the company, the Australian Financial Review reported on Monday, following the collapse of merger talks with Rio Tinto.

A secondary ASX listing could attract more investors and "give investors another option other than Rio and BHP," the report quoted CEO Gary Nagle saying.

The company would need to engage with shareholders and seek advice before proceeding with any listing, Nagle told the newspaper.

Glencore declined to provide further comment on the report.

Rio walked away from takeover talks with Glencore in February, ending months of negotiations on a tie‑up that would have created the world’s largest mining group.

Glencore concluded that the proposed terms undervalued its copper business and future growth pipeline, while Rio said the deal would not deliver sufficient value to its shareholders.

Glencore last August decided against shifting its primary listing from London to the US, opting to stay in the UK after assessing the "material friction" costs involved.

The miner, which already has a secondary listing in Johannesburg, delisted from Hong Kong in 2018.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.

VISIT SHOWROOM 
AQS Liquid Transfer
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 06 March 2026
Magazine round up | 06 March 2026
6th March 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.071 0.179s - 128pq - 2rq
Subscribe Now